Wednesday, August 18, 2010

RBI likely to hike policy rates in Sept review: D&B

Dun & Bradstreet the provider of credit information on businesses and corporations,expects RBI to bring in a further hike of 0.25% in repo and reverse repo rate and cash reserve ratio by 0.50%.
The reserve bank of india (RBI) is under pressure due to rise in inflation,and the condition is expected to be more worse.
As the monsoon is not according to the expectation of the peoples,it will put more pressure on indian market and the growth may be off the track for a while.

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